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Content
Signals
All indicators - Medium term
NVIDIAMay 6, 2024
Semiconductor Bull 3X May 6, 2024
Micron TechnologyMay 6, 2024
Semiconductor ETF MarkMay 6, 2024
Industrial Select SectMay 6, 2024

The market moved up Monday, and Nasdaq Combined Composite Index ended at 16349 points, which is an increase of 1.2 percent.

4952 shares were up and 2121 were down, while 313 remained unchanged, and there was no trading in 155 shares.

Total value of the trading volume for shares and primary capital certificates Monday was approximately 514.5 billion.

QUALCOMM was up 1.2 percent to close at 182 dollar. The stock has not closed at a higher price since Feb 2022. It also looks good technically. The stock is trend wise positive in the medium term, has broken up through resistance at 176 dollar and a further increase is indicated.
XBP Europe closed at 3.50 dollar after a gain of 65.1 percent. The stock therby broke above the 3.00 -mark for the first time since Mar 8. This past week the stock has gained as much as 133.3 percent. The volume was also extremely high. At session end it was bought and sold shares for about 195 million dollar in the stock, which equals 57 times mean daily turnover. The stock has support at 2.00 dollar.
Perficient closed at 73.26 dollar after posting a gain of 52.3 percent. The previous time the stock gained this much was Sep 19. 2003, when it closed up 60.9 percent. The volume was also very high. At session end it was bought and sold shares for about 856 million dollar in the stock, which equals 24 times mean daily turnover. It also looks good technically. The stock has marginally broken up through resistance at 72.40 dollar.
Texas Instruments closed up 1.5 percent to 182 dollar. The stock has not closed higher since Jul 2023. Since the buy signal from the rectangle formation six days ago, the stock now has gained 3.4 percent.
Pinterest A was up 2.4 percent to close at 41.38 dollar. We must go back to Nov 2021 to find a higher close for the stock. The stock has by that gained 22.0 percent since the buy signal from the rectangle formation three days ago.

US 500 rises on Monday
The market moved up Monday, and S&P 500 ended at 5181 points, which is an increase of 1.0 percent.

Indices
S&P 500
arrow yellow   Neutral
S&P 500 has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has broken a resistance level in the short term and given a positive signal for the short-term trading range. The index is testing resistance at points 5250. This could give a negative reaction, but an upward breakthrough of points 5250 means a positive signal. The index is overall assessed as technically neutral for the medium long term.
Today´s Case
Micron Technology (MU) Price 120.13, May 6, 2024
chart
Micron Technology has broken the rising trend up in the medium long term, which indicates an even stronger rising rate. The price has also broken a resistance level in the short term and given a positive signal for the short-term trading range. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 73.00 dollar. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX0.42%891.13
CAC400.49%7996.64
COMPX1.19%16349.00
DAX0.96%18175
HEX1.13%10080.00
N1000.73%1515.88
OMXC25GI0.47%2195.85
OMXSPI0.82%962.29
OSEBX0.29%1394.15
PSI200.06%6652.71
TECDAX0.78%3291.74
BUK100P0.46%819.94
EURUSD0.06%1.0800
CL (OIL)0.47%78.48
Indices Evaluations
 SML
AEXpospospos
CAC40neutralpospos
COMPXpospospos
DAXpospospos
HEXposneutralneg
N100pospospos
OMXC25GIneutralpospos
OMXSPIpospospos
OSEBXpospospos
PSI20pospospos
TECDAXnegnegneg
BUK100Ppospospos
EURUSDnegpospos
CL (OIL)neutralneutralneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
US Stocks - Medium term
 
      
39% 36% 25%
 2953 Buy Candidates
 2724 Neutral
 1900 Sell Candidates
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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